Macroaxis considers DarioHealth Corp to be unusually risky. DarioHealth Corp
secures Sharpe Ratio (or Efficiency) of -0.1259 which denotes DarioHealth Corp
had -0.1259% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. DarioHealth Corp exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DarioHealth Corp Coefficient Of Variation
of 968.48 and Mean Deviation of 2.48 to check risk estimate we provide. Macroaxis gives DarioHealth Corp performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -2.2936 which denotes to the fact that as returns on market increase, returns on owning DarioHealth Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, DarioHealth Corp is expected to significantly outperform it.. Even though it is essential to pay attention to DarioHealth Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. DarioHealth Corp exposes twenty-one different technical indicators which can help you to evaluate its performance. DarioHealth Corp has expected return of -0.4248%. Please be advised to confirm DarioHealth Corp Standard Deviation, Maximum Drawdown as well as the relationship between Maximum Drawdown and Expected Short fall to decide if DarioHealth Corp past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.54) |
Good reverse predictability
DarioHealth Corp has good reverse predictability. Overlapping area represents the amount of predictability between DarioHealth Corp time series from June 21, 2018 to July 6, 2018 and July 6, 2018 to July 21, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DarioHealth Corp price movement. The serial correlation of -0.54 indicates that about 54.0% of current DarioHealth Corp price fluctuation can be explain by its past prices. Given that DarioHealth Corp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DarioHealth Corp for similar time interval.
|Correlation Coefficient|| -0.54|
|Spearman Rank Test|| -0.09|
|Average Price|| 1.35|
|Lagged Average Price|| 1.34|